-
Consent to lease
Why do I have to pay more to lease my property ? I wish to rent my home out, but have to apply for a Consent to Lease, which will increase my rate with the mortgage lender and so my monthly outgoings. The rental income will not cover the cost...which I am. Prepared to make up in the meantime. Besides, I have been advised…
-
Waiting in anticipation......
....... for news on mortgage/HTB application. HTB application went off to local agents on Thursday/Friday so I'm hoping to hear back by the end of next week, my broker has completed halifax full application but has not pushed the button on it yet pending outcome of HTB application. AIP achieved at the level needed. However…
-
Paying off mortgage
I have £6000 from an endowment policy. I have a mortgage of £32000 and another for £6000, is it best for me to pay off the £6000 mortgage or reduce the £32000 one. Both have approx. 10 years to completion at an interest rate of 2.5%.
-
Using current equity as a deposit
If we own our current property outright, could we somehow use the equity in that as a deposit for a new property? Or perhaps remortgage the current one and use the subsequent cash as a deposit? Not looking to own two properties, but just in case we find something we like before we'd sold the existing one. This is in…
-
Has our mortgage been mis-sold
8years ago my 65 year old,self employed husband and I took out an interest only mortgage for £150,000 valid until his 80th birthday. Since then we have never defaulted on the payments,had various fixed interest deals without any problems. We have investments with which we intend to use to repay the capital sum as & when.…
-
second charge advice
hi a while ago i took out a secured loan with welcome finance, which i am still paying back, my MIL wants to pay off our mortgage for us as there is only a few thousand left on it, obviously i dont want her knowing the ins and outs of my finances so she doesnt know about the loan. I am in goodstanding with the loan and pay…
-
Mortgage Advise
Hi all Myself and my wife are looking to purchase the house we are currently renting. We are renting it from a family member and its value is 200k My wife is self employed and earns approx 28k per year I work full time and earn 25k per year I had the following questions: 1) Our credit status is not brilliant but we have no…
-
Better deals only for new customers? Lloyds TSB
We bought our flat at the end of May 2011, and took a 25 year long interest-only mortgage at a rate of 3.15% fixed until 31st May 2013. The current payment is £1,186.22 a month (the interest part). When we came to look at new fixes for Lloyds, we saw a 2 year fixed deal (until August 2015) at 1.89%, with a £2k fee, which…
-
A loan for a mortgage
Is it wrong / stupid to get a £5000 loan to secure a £125,000 mortgage?
-
Overpayments
Hi could someone answer my question please. If I remortgage, Current deal ending, for 10 years, 5 of them at fixed rate. I over pay each month to shorten term. What happens when I have finished paying at the end of year 5? When the fixed rate also ends. Do I them get fined as such? I do hope that question makes sense.
-
Mortgage with default but high earner
Hi everyone, i recently posted on this forum and got some very good advice and im looking for some more. Im looking to help my son and his girlfriend get a mortgage but there are some circumstances which might prevent this from happening. My son has a job he is taking in 6 months and until then is on gardening leave, and…
-
Mortgage / Debt Quick Query
Hi, I've a house valued at 115k, I've around 80k remaining on the mortgage to run over 16 years. My main problem is that I've credit card unsecured debt of 25k shifted over various credit cards. Ideally I would like to move to a bungalow as my wife has become disabled but I'm not sure what position that I'm in? the new…
-
How much borrowing?
Hi all, We are looking into the options of borrowing additional money. Basic outline, house owned worth £950,000 with a £350,000 mortgage. Looking to borrow an additional £450000 to purchase a second house for £450,000. Is it possible to joint the houses together to give an asset value of £1,400,000 thus making the LTV of…
-
Mortgage & lodger consent form confusion
Hi all, I have recently been looking into taking in a lodger into a spare room in my flat. I have informed my mortgage lender, who have approved, but they require a occupier consent form to be completed so that the lodger will not have rights to stay in the event that I move or get repossessed. I'm hoping that somebody out…
-
Evidence of deposit?
Do most lenders require evidence of deposit? We are getting some of our deposit from family members and as it's coming in dribs and drabs it won't be all together in one place until the it's due to be paid. Will this hinder us being accepted for a mortgage? TIA
-
Abbey National/Santander Morgage Refund
I heard on the radio that if your mortgage changed from being an Abbey National to a Santander you will entitled to money back?? Does anyone know anything about this??
-
Realistic chance?
My wife and I bought our house during November 2008 for £105,000 and took out a mortgage of £100,000. We will have £93,000 left to pay by November this year and we're currently on a 5yr fixed that expires 2015. At the time we took out the mortgage both of us worked but since then we have had our first child and my wife is…
-
Spain unemployment hits record high
Deleted wrong board.
-
Existing shared ownership advice
Hi, I usually post on the debt free wannabee boards (signature will explain why!) but would really appreciate some advice regarding my mortgage. I have a mortgage for 50% of my home currently on a tracker 1% above the base rate. I am 7 years into the mortgage and this has reduced from 82000 to around 63000. I mortgaged…
-
How long is a DIP with Nationwide valid for?
Hi, Does anyone know how long a mortgage DIP with Nationwide is valid for? We have a save to buy account and want to get a DIP now but going on holiday for 2 weeks in 2 weeks time and I read something somewhere about them only being valid for 30 days...... If this is the case would I need to get another one if I don't find…
